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Earthquake risk and insurance
Author(s) -
Brillinger David R.
Publication year - 1993
Publication title -
environmetrics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.68
H-Index - 58
eISSN - 1099-095X
pISSN - 1180-4009
DOI - 10.1002/env.3170040102
Subject(s) - context (archaeology) , insurance premium , econometrics , range (aeronautics) , point (geometry) , computer science , variety (cybernetics) , actuarial science , risk analysis (engineering) , geography , economics , business , mathematics , engineering , geometry , aerospace engineering , archaeology , artificial intelligence
Our concern is with protection against natural catastrophes through financial insurance. Development of appropriate premium rates requires consideration of a wide variety of variables entering into the occurrence of the disaster, and a broad range of scientific and statistical investigations results. Topics discussed include: premium computation, distribution of large earthquakes in time, ground motion at sites, attenuation of energy with distance, damage description and actual practice in various countries. Statistical considerations that arise include: description, stochastic modelling, conditioning, spatial processes, (marked) point processes, uncertainty estimation and robust/resistant procedures. Study of the insurance problem is scientifically enlightening because it requires one to focus on the whole context of the problem; geology, seismology, earthquake engineering, and damage.